goods sold to mr x of rs5000/-,out of that we give him
discount allowed of rs 500/-,and we take setting charges of
rs1000/-.so what will be the entry?
- 6 Answers
- 7349 Views
- I also Faced
- E-Mail Answers
Answer Posted / deepak thukral
Party a/c Dr (5000+1000) 6000
Discount a/c Dr 500
to sales a/c 5500
to setting charges 1000
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
Please note that all the question related to VAT is belongs to pune, maharashtra. waiting for quality reply.
i had taken one year gap in completing my graduation bcom should it be considered as backlogs i dont have any kt or anything else i have passed all exam in one trial
What will be the journal entry of purchase and sale for ac purchased for 40000 vat 5% sold for 45000 vat5%
If balancing account is not assigned to company & is assigned to department wat will be the effects
HOW CAN WE CONVERT IN CFT TO A ROUND LOG??
rate of vat on gold purchase local & o.m.s. & rate of % in sale local & o.m.s.
how to calculate accrued interest on fdr?how to see from bank statement????basic procedure plz advice..
Can anybody tell me the steps involved in Budgeting / Forecasting generally..?. Hints would be appreciated highly.
Do you know public accounting?
What are time sheets?
What is a comprehensive income?
Follow up ageing balances of Debtors & Creditors and also Inventory
Assuming that a firm pays tax at a 50 per cent rate, compute the after tax cost of capital in the following cases: I. A 8.5 % preference share sold at par. II. A perpetual bond sold at par, coupon rate of interest being 7 per cent III. A ten year, 8 percent, Rs.1000 par bond sold at Rs.950 less 4 percent underwriting commission.
Explain the types of ledger?
wht is different between defered tax liablities and defered tax assets??????
